Bridging the Gap to Higher Education
Most American students will need to take out loans in order to finance their higher education — NC Assist Loans were created to help. Founded by the College Foundation, Inc., these low-interest financing options bridge the gap to higher education, making up the difference between the price tag of college and the financial aid received.
In order to qualify for NC Assist Loans, students must be from North Carolina or attend an eligible school within the state. The program offers two types of loan options with competitive interest rates: the student loan, with a fixed interest rate of 5.75% and a parent loan option, with a fixed interest rate of 5.25%. While the goal of NC Assist is to help students secure as much federal aid as possible, the student and parent loans are affordable alternatives to most private loan options and some federal loan options on the market.
In addition to NC Assist, CFI also provides general information on grants, loans, and work-study programs available to students through the College Foundation of North Carolina.
How student loans can be used for more than just school tuition
Aside from tuition and room and board, students can also use private and federal loans for other costs of attendance, including housing and academic supplies, parking and transportation, semesters abroad, and other miscellaneous expenses.
5 strategies to help you get financially ready for college
From help with financial aid and literacy to tips on budgeting, here are five strategies to help students and parents get financially ready for college.
How COVID-19 is affecting school loans, financing and the college application process
In the midst of the coronavirus pandemic, many undergraduate and graduate students are left wondering how the college loan and application process will be affected going forward. While it may be too soon to fully know, there are still plenty of low-interest options for financial aid.